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Answer :
Final answer:
The bottom-up approach is most likely to result in employee buy-in to the budget. In this approach, employees are actively involved in the budgeting process and have a say in the budget decisions. By involving employees in the budgeting process, organizations can benefit from their firsthand knowledge and expertise, leading to increased buy-in and commitment to the budget.
Explanation:
When it comes to employee buy-in to the budget, the approach that is most likely to result in their support and involvement is the bottom-up approach. In this approach, employees are actively involved in the budgeting process and have a say in the budget decisions. This approach recognizes the value of employee input and empowers them to contribute their ideas and insights.
By involving employees in the budgeting process, organizations can benefit from their firsthand knowledge and expertise. Employees who are involved in the budgeting process are more likely to understand and support the budget decisions, as they have had a direct role in shaping them. This approach fosters a sense of ownership and accountability among employees, leading to increased buy-in and commitment to the budget.
On the other hand, the top-down approach, where the budget is created by upper management and then communicated to employees, may result in less employee buy-in. In this approach, employees may feel disconnected from the budget decisions and may not fully understand or support them.
The total participation approach, which involves a collaborative effort between management and employees, can also result in employee buy-in. By working together to create the budget, both parties have a stake in the decisions and are more likely to support them.
Basing the budget on the prior year can provide a starting point for the budgeting process, but it may not necessarily result in employee buy-in. Employees may feel that their input is not valued or that their specific needs and priorities are not taken into account.
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